Truist raised the firm’s price target on Edwards Lifesciences (EW) to $78 from $70 and keeps a Hold rating on the shares. The company’s Investor Day presentation served as a clearing event, with FY25 outlook bracketing consensus, but while the firm’s price target increase reflects a forward roll of estimates to FY26, it also prefers to have more conviction in estimate upside and a stronger revenue acceleration trajectory, the analyst tells investors in a research note.
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- Edwards Lifesciences price target raised to $82 from $75 at BofA
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